Income to army charities falls after ‘admirable performance’ during recession
Howard Lake | 24 April 2014 | News
Having achieved double-digit growth during some of the worst years of the economic downturn, income to charities that support British soldiers fell by 4.2 per cent last year.
Data released by Charity Financials shows that combined income for the 11 charities listed on the British Army’s website had a combined income of £296.4m in 2012/13, compared to £309.6m in 2011.12.
Six of the 11 charities have seen a drop income with Help for Heroes being the biggest losers (down by £6m), followed by ABF the Soldier’s Charity (£3.7 million) and the Royal British Legion (3.4 million).
Charity Financials says older data shows that army charities “performed remarkably well during the recession. While most charities saw their incomes fall following the financial crisis and are only now recovering, the army charities experienced income rises of 13.8 per cent, 10.9 per cent and 9.7 per cent between 2008/09 and 2011/12.”
Much of this growth was driven by the performance of Help for Heroes, which saw its income leap from £14.6 million in 2008/09 to £46.6 million in 2011/12. But even without the success of Help for Heroes, all the other army charities still recorded combined annual growth each year since 2005/06.
Incomes for the 11 army charities are:
- Royal British Legion – £132.8m
- SSAFA – £50.4m
- Help for Heroes – £40.6m
- Blind Veterans UK – £24.2m
- Combat Stress – £15.6m
- ABF the Soldiers Charity – £13.2m
- Skill Force Development – £8.1m
- Earl Haig Fund Scotland – £5.1m
- BLESMA – £4.8m)
- uk4u – Thanks! – £0.3m
- Scottish Veterans’ Residences – £0.3m.
Advertisement
Related posts
Big Food Group raises £540,000 for its charity of the year
Millionaires no longer make it onto Forbes 400
Simplyhealth to donate up to £30,000 to Heart Research UK for Facebook 'likes'
Rogare highlights fundraisers’ academic research and its practical applications
About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.